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Mobile Payment Market to Grow at 36.26% CAGR in Terms of Transaction Volume 2014 - 2019

ReportsnReports.com adds Global Mobile Payment Market 2015 - 2019 report that analysis the mobile payment market from 2014 to 2019 along with m-commerce market, mobile devices, smartphone and tablet penetration.

PUNE, India, Sept. 17, 2015 /PRNewswire-iReach/ -- The Global Mobile Payment Market 2015 – 2019 says increasing awareness of mobile wallets and their convenience is predicted to increase the adoption of m-commerce, leading to mobile payment market growth. Mobile wallet enables making payments for services through mobile devices instead of credit or debit cards or other cashless payment modes. For instance, mobile wallets store the details of a customer's credit cards, enabling them to pay at NFC POS terminals using their cell phones. This requires high-speed Internet and interoperability between service providers and issuers. NFC is one of the most effective means of carrying out mobile wallet-based transactions.

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The complete report on mobile payment market of 72 pages is available at http://www.reportsnreports.com/reports/422583-global-mobile-payment-market-2015-2019.html. The report provides 18 Exhibits that supports the market research.

The analysts forecast global mobile payment market to grow at a CAGR of 36.26%, in terms of transaction volume, over the period 2014-2019. In terms of number of end-users, the market is expected to grow at a CAGR of 18.10% during the forecast period.

According to the Global Mobile Payment Market 2015-2019 report, security and data privacy are the prime concerns for clients in the mobile payment model. Industry practitioners are constantly evolving and improving the security required processing online payments. Mobile payments in some cases also involve verification of personal identification documents such as driving licenses, passports, and social security numbers. This has helped clients gain confidence in the model and increased convenience by reducing offline documentation.

Further, the mobile payment market report states that intense competition from alternative media is a major challenge faced by vendors in the global mobile payment market.

The following companies are the key players in the Global Mobile Payment Market: Gemalto, Google, Mahindra Comviva, MasterCard, Orange, PayPal, Visa and Vodafone Group.

Other Prominent Vendors in the market are: Airtel Money, Alipay, Amazon.com, American Express, Apple, Bank of America, Citrus Payment Solutions, Dwolla, First Data, LevelUp, LivQuik, MCX, Mobikwik, m-pesa, One97 Communication, Oxigen, Square, Tata Teleservices, Venmo, Y-Cash Software Solutions, ZipCash and ZipPay.

Purchase a License Copy of the global mobile payment market report at http://www.reportsnreports.com/Purchase.aspx?name=422583, Single User Price of the Report is US $2500.   

This report covers the present scenario and the growth prospects of the global mobile payment market for the period 2015-2019. To calculate the market size, the report considers the total transaction volume sourced through mobile devices. In addition, the report discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.

The report, Global Mobile Payment Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers landscape of the global mobile payment market and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Other Related Reports:

Global Mobile POS Systems Market 2015 – 2019 (http://www.reportsnreports.com/reports/345730-global-mobile-pos-systems-market-2015-2019.html): The analysts forecast the Global Mobile POS Systems market to grow at a CAGR of 9.6% over the period 2014 – 2019.

This report covers the present scenario and the growth prospects of the Global Mobile POS Systems market for the period 2014 – 2019. The report covers the entire range of mobile POS systems used in the following end-user segments:

  • BFSI Sector
  • Government Sector
  • Hospitality Sector
  • Retail Sector
  • Transportation Sector

The report considers only the revenue generated from the shipments of mobile POS systems to these sectors. The report does not consider the revenue generated from the following:

  • Mobile computing devices such as smartphones and tablets used as POS systems by merchants
  • Service and maintenance of mobile POS systems
  • Re-selling
  • Licensing of enterprise resource planning tools
  • Sales of used POS terminals

The report recognizes the following companies as the key players in the Global Mobile POS Systems Market: Datalogic SpA, Fujitsu Ltd., Ingenico Group, Honeywell Scanning and Mobility, Motorola Solutions Inc., Pax Technology Ltd. and VeriFone Systems Inc.

Other Prominent Vendors in the market are: ATOS Worldline, Cybernet, First Data, Keycorp, NCR, Oracle, Spire Payments, SZZT Electronics and Wincor Nixdorf.

Global Mobile Wallet Market 2015 – 2019 (http://www.reportsnreports.com/reports/345374-global-mobile-wallet-market-2015-2019.html): The analysts forecast the Global Mobile Wallet market to grow at a CAGR of 36.8% over the period 2014 – 2019.

The recognizes the following companies as the key players in the Global Mobile Wallet Market: Amazon.com Inc., Apple Inc., Citrus Payment Solutions PTE., First Data Corp., Google Inc., MasterCard Inc., One97 Communications Ltd., Oxigen Services India Pvt. Ltd., PayPal Inc., Softcard and Visa Inc.

Other Prominent Vendors in the market are: airtel Money, Alipay, American Express, Bank of America, Dwolla, LevelUp, LivQuik, MCX, Mobikwik, m-pesa, Square, Tata Teleservices, Venmo, Y-Cash Software Solutions, ZipCash and ZipPay.

This report covers the present scenario and the growth prospects of the Global Mobile Wallet market for the period 2015-2019. To calculate the market size, the report considers the total revenue generated from retail transactions. These transactions include mobile commerce transactions, mobile ticketing and purchase of mobile coupons, money transfer, and micropayments.

Global NFC-enabled Handset Market 2015 – 2019 (http://www.reportsnreports.com/reports/320321-global-nfc-enabled-handset-market-2015-2019.html): The analysts forecast the Global NFC Enabled Handset market to grow at a CAGR of 55.8% over the period 2014-2019.

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ReportsnReports.com is an online market research reports library of 500,000+ in-depth studies of over 5000 micro markets. Call +1 888 391 5441 with your research requirements or email the details at [email protected] This e-mail address is being protected from spambots. You need JavaScript enabled to view it and we would be happy to help you find the business intelligence that you need. ReportsnReports.com offers research studies on agriculture, energy and power, automotive, Semiconductor and Electronics, Manufacturing & Construction, chemicals, environment, medical devices, healthcare, food and beverages, water and much more.

Media Contact: Ritesh Tiwari, ReportsnReports.com, + 1 888 391 5441, [email protected]

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